On 25 April 2019, the Philippines Department of Finance (DOF) announced support by a majority of micro, small and medium enterprises (MSMEs) in the country for the Tax Reform for Attracting Better and High-Quality Opportunities (TRABAHO) bill, which is currently pending before Congress ({News-2018-03-29/P/2-previous coverage}). The TRABAHO bill is the second package of the Duterte administration’s Comprehensive Tax Reform Program (CTRP) that aims to reduce corporate income tax (CIT) from 30% to 20% and rationalize fiscal incentives, especially for MSMEs that account for more than 99 percent of local businesses and 63 percent of jobs. According to the DOF, 91%...